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  • Booster shot! RBI announces special refinance facility of Rs 15,000 crore to SIDBI May 22, 2020 02:15 PM IST

    Booster shot! RBI announces special refinance facility of Rs 15,000 crore to SIDBI

    In order to provide greater flexibility to SIDBI in its operations, it has been decided to roll over the facility at the end of the 90th day for another period of 90 days.

  • SIDBI extends loan repayment term to 1-year for NBFCs, MFIs Apr 29, 2020 03:40 PM IST

    SIDBI extends loan repayment term to 1-year for NBFCs, MFIs

    This is a significant development as microlenders felt the earlier repayment rules were stringent considering the present operating environment.

  • RBI measures to boost liquidity, incentivise banks to lend more to boost economy: FM Sitharaman Apr 17, 2020 04:54 PM IST

    RBI measures to boost liquidity, incentivise banks to lend more to boost economy: FM Sitharaman

    In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, Sitharaman said.

  • SIDBI offers emergency credit facility of up to Rs 1 crore to SMEs Apr 07, 2020 09:00 PM IST

    SIDBI offers emergency credit facility of up to Rs 1 crore to SMEs

    SIDBI further said it has enhanced the loan limit for MSMEs to Rs 2 crore under its SAFE initiative.

  • Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight COVID-19 Mar 27, 2020 11:10 AM IST

    Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight COVID-19

    The Sidbi Assistance to Facilitate Emergency (SAFE) response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5 percent and with a maximum loan repayment tenure of five years.

  • Credit supply to commercial sector slows to multi-year low of 8.1%: Sidbi Jan 09, 2020 09:15 PM IST

    Credit supply to commercial sector slows to multi-year low of 8.1%: Sidbi

    The total outstanding credit of the commercial sector was Rs 65 lakh crore in the year ended September 2019, up 8.1 per cent, a multi-year low growth, as against 16.2 per cent in the year to December 2018, the quarterly report said.

  • Now, Sidbi survey shows deepening MSME crisis; outlook down in the dumps Sep 03, 2019 09:35 PM IST

    Now, Sidbi survey shows deepening MSME crisis; outlook down in the dumps

    The quarterly survey conducted with rating agency Crisil and released September 3, however, finds that small businesses, which are the largest job creators, are sanguine on employment.

  • SIDBI Q4 net jumps 28% to Rs 519.36 cr May 16, 2019 09:24 PM IST

    SIDBI Q4 net jumps 28% to Rs 519.36 cr

    For the full year, its profit after tax jumped 36.5 per cent to Rs 1,952.21 crore from Rs 1,429.21 crore in FY18 due to increased portfolio and reducing cost to income ratio.

  • SIDBI may file a case against IL&FS for defaulting on its term repayment: Report Sep 25, 2018 10:38 AM IST

    SIDBI may file a case against IL&FS for defaulting on its term repayment: Report

    SIDBI can file a case as soon as on Wednesday to seek repayments of all its deposits in IL&FS

  • Allocation to SIDBI out of startup funds down at Rs 100 cr in FY17 Jul 23, 2018 03:27 PM IST

    Allocation to SIDBI out of startup funds down at Rs 100 cr in FY17

    The Department of Industrial Policy and Promotion (DIPP) is the monitoring agency, while Small Industries Development Bank of India (SIDBI) is the operating agency for the FFS.

  • SIDBI to focus on 115 aspirational districts, promote micro enterprises Apr 10, 2018 04:48 PM IST

    SIDBI to focus on 115 aspirational districts, promote micro enterprises

    The bank has tied up with Common Service Centre (CSC) to meet this objective, Sidbi Chairman and Managing Director Mohammad Mustafa told PTI.

  • SIDBI, New India Assurance partner to cater to MSMEs Apr 02, 2018 09:45 PM IST

    SIDBI, New India Assurance partner to cater to MSMEs

    A memorandum of understanding (MoU) was signed with The New India Assurance Co and two MSMEs were issued insurance policies, SIDBI said in a statement today.

  • SIDBI, CRISIL to launch MSME sentiment Index Nov 15, 2017 12:40 PM IST

    SIDBI, CRISIL to launch MSME sentiment Index

    The index will indicate the current state and expected outlook on the MSME sector every quarter

  • Bandhan Bank to decide on IPO size later: CEO Oct 10, 2017 03:52 PM IST

    Bandhan Bank to decide on IPO size later: CEO

    The present shareholders of Bandhan Bank, SIDBI, IFC and GIC of the Singaporean government were likely to take part in the maiden offering. Bandhan Bank, which started full-fledged banking operations in August 2016, were asked by RBI to come out with the IPO in three years from then, he told PTI.

  • IDBI Bank sells 1% stake in Sidbi Sep 26, 2017 07:30 AM IST

    IDBI Bank sells 1% stake in Sidbi

    The bank has sold 53,19,220 shares constituting 1 per cent of the paid up capital of Sidbi, IDBI Bank said in a regulatory filing.

  • Rs 1,000 cr corpus set up for 'startup' schemes in UP: CM Yogi Adityanath Aug 30, 2017 04:40 PM IST

    Rs 1,000 cr corpus set up for 'startup' schemes in UP: CM Yogi Adityanath

    Adityanath said that Rs 25 lakh will be given to universities and leading educational institutions to encourage students to take up self-employment through startup projects.

  • Mohammad Mustafa takes charge as Sidbi chairman Aug 28, 2017 04:52 PM IST

    Mohammad Mustafa takes charge as Sidbi chairman

  • Sidbi starts merchant banking operations for MSMEs Jul 26, 2017 01:49 PM IST

    Sidbi starts merchant banking operations for MSMEs

    "The initiative would enhance access of MSMEs to capital markets including SME trading platform and institutional trading platform," Sidbi said in a statement here.

  • Govt's startup fund invested Rs 623.5 cr in 17 venture capital firms last year Apr 21, 2017 07:33 AM IST

    Govt's startup fund invested Rs 623.5 cr in 17 venture capital firms last year

    Nearly 17 local venture capital (VC) funds were sanctioned Rs 623.50 crore in the year to March, from the government’s ambitious Fund-of-Funds, set up to fund VCs that could, in turn, invest in early stage companies or start-ups.

  • Govt may defer stake sale in IDBI Bank to FY18: Sources Mar 08, 2017 07:14 PM IST

    Govt may defer stake sale in IDBI Bank to FY18: Sources

    The government would also wait for a good offer before deciding on the stake sale, sources told CNBC-TV18.

  • MSMEs need equity, would love to lend more to them: SBI Mar 08, 2017 02:52 PM IST

    MSMEs need equity, would love to lend more to them: SBI

  • SIDBI expert panel sanctions Rs 1,112 cr to funds for startups Feb 27, 2017 07:50 AM IST

    SIDBI expert panel sanctions Rs 1,112 cr to funds for startups

    During fiscal year 2014-15 and 2015-16 sanctions were made to 11 funds (Rs 314 crores) and 16 funds (Rs 607 crores) respectively while the number during the current financial year has already crossed Rs 1,112 crores to 30 funds.

  • IFCI to exit non-core biz by selling entire 45.5% in Hardicon Jan 25, 2017 07:40 PM IST

    IFCI to exit non-core biz by selling entire 45.5% in Hardicon

    Infrastructure term lender IFCI today said its board has approved divesting the entire 45.5 percent stake in associate firm Hardicon as per its plan to exit from non-core business activities.

  • IFCI offloads entire stake in non-core biz in Hardicon Jan 23, 2017 09:00 PM IST

    IFCI offloads entire stake in non-core biz in Hardicon

    Infrastructure term lender IFCI Ltd has sold its entire 45.5 percent stake in associated firm Hardicon Ltd at an undisclosed price.

  • Govt gives one-time relaxation to banks to submit CLCSS claims Jan 02, 2017 08:28 PM IST

    Govt gives one-time relaxation to banks to submit CLCSS claims

    Government has given a one-time relaxation to banks for submission of online applications for claims under Credit Linked Capital Subsidy Scheme (CLCSS), due to their heavy workload post demonetisation.

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